Here’s an Idea for Goldman: Buy Bank of New York Mellon [The New York Times]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
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Source: The New York Times
Photo Lloyd C. Blankfein, the chief executive of Goldman Sachs, said it was turning around its fixed-income, currency and commodities trading unit, but buying Bank of New York Mellon could be a better fix. Credit Brendan McDermid/Reuters There’s a potentially ideal merger partner for the $104 billion Goldman Sachs. The Wall Street firm’s chief executive, Lloyd C. Blankfein, told shareholders on Tuesday that it was already having some success turning around its stumbling fixed-income, currency and commodities trading unit. But buying $56 billion Bank of New York Mellon could be a better fix — if only the asset-management and custody specialist weren’t in a different league. If the two were to combine, Goldman would get hold of more than $33 trillion in assets under custody and supervision — think clearing, cash management, global payments and the like. Goldman may be able to sweet-talk Bank of New York Mellon clients into sending more t
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- The Bank of New York Mellon Co. (NYSE: BK) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $58.00 price target on the stock.MarketBeat
BK
Earnings
- 1/12/24 - Beat
BK
Sec Filings
- 3/28/24 - Form 497
- 3/28/24 - Form 497K
- 3/27/24 - Form PX14A6G
- BK's page on the SEC website